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Modern Coin Question - Presidential Dollars
Nickcap
Posts: 977 ✭
Let me start by saying I know nothing about the Presidential Dollars.
My oldest son is going to start collecting them. My questions:
What is Position A & B?
What is Satin Finish vs No Satin Finish?
Coins in a roll from the Bank, are those Satin Finish?
I have looked at Sonoran Monsoon's sets and like the set. Hopefully my son will like it too.
My oldest son is going to start collecting them. My questions:
What is Position A & B?
What is Satin Finish vs No Satin Finish?
Coins in a roll from the Bank, are those Satin Finish?
I have looked at Sonoran Monsoon's sets and like the set. Hopefully my son will like it too.
Morgan Everyman Set
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
Member, Society of Silver Dollar Collectors.
Looking for PCGS AU58+ 1901-P, 1896-O, & 1894-O
0
Comments
Satin Finish simply indicates a "special" finish that the US Mint used for their Mint Set Coins from 2005 through 2010. The program ended in 2010. A satin finish coin typically has a high grade appearance since the dies were specially prepared. As such, many grading services attributed ANY high grade Presidential Dollar as a less expensive Satin Finish coin.
Since the Mint Set coins received special handling, high grades were quite common with MS69 and MS70 being attainable. Regular Business Strikes, on the other hand usually topped out at MS67 with a few in 2008 hitting MS68.
Satin Finish Announcement Satin Finish Discontinuation
Coins in US Mint or Bank Rolls are NOT Satin Finish but normal circulation quality. However, as mentioned earlier, if you find a high grade bank roll coin it'll be tough getting it graded as anything other than Satin Finish since the two finishes look very similar on the gold colored alloy. It should be noted that many collectors and dealers purchased Mint Set looking for high grade coins. The lessor grade coins (satin finish) could very well have been released into the wild (I know I did) and as such, could turn up in rolls.
Personally, I'm glad the Mint dropped Satin Finish as it caused more headaches than it was worth.
The name is LEE!
that you need for your set. Makes it pretty expensive for kids unless Dad kicks in the bucks.
I had the number 11 set in the PCGS registry up through Lincoln when I stopped. My banks just
didn't want to order the rolls for me to search. Then I ended up buying the rolls from the Mint and
that just upped my cost. Then, when that was not successful in finding quality coins, I ended up
buying them already graded off Ebay and from known modern sellers (some on this board). With
the positions and varieties it became quite an endevour and very expensive. I sold them at a
loss after losing interest. No regrets either.
bob
The satin finish coins found in the Uncirculated Sets from 2005 through 2010 would be somewhat optional for me, especially as a beginner - but if I stuck it out as a collector, I'd probably end up adding them down the road.
The only drawback I can see is that they did discontinue the Presidential Dollars for circulation, which means that no matter what - you will be buying all of the remaining issues either directly from the Mint for a premium, or from a dealer at a premium - no matter what.
If I liked the idea of assembling a collection of the Presidents, I'd do it anyway.
In fact, I've been thinking about ripping all of my Uncirculated Sets & Proof Sets apart, buying some Danscos and just start plugging holes to see how such a set would look.
I knew it would happen.